I hope Larry screws up big time and blows up Oracle so it can go the way of Sun.
How dare you besmirch Sun’s good name for no reason.
Oracle may slash up to 30k jobs to fund AI data-centers as US banks retreat
101–110 of 249 posts
Re: Oracle may slash up to 30k jobs to fund AI data-centers as US banks retreat
#102And, with this, the economic contagion begins. Before this step, we had non-existent money loaned to build datacenters powered by non-existent power infrastructure to support future load that will never exist, with guaranteed revenue from companies that do not, and will never be able to pay. Previously, this was propped up with circular revenue and investment. Now it's going to be propped up by dismantling the US tec…
Your response is over the top. Oracle isn't going to fire 30,000 employees to fund anything. That's the story for Wall Street. Oracle went on a huge run in the market, that it did not deserve, and they're going to attempt to hold on to as much of that gain as they can. Wall Street will applaud slashing jobs if you can give them a good reason for it (and sometimes with no reason at all). Amazon, Meta, Apple, Nvidia, M…
Continued US dominance in what? Slightly better/faster Llms? What is that going to help us achieve? Better propaganda?
Re: Oracle may slash up to 30k jobs to fund AI data-centers as US banks retreat
#103And, with this, the economic contagion begins. Before this step, we had non-existent money loaned to build datacenters powered by non-existent power infrastructure to support future load that will never exist, with guaranteed revenue from companies that do not, and will never be able to pay. Previously, this was propped up with circular revenue and investment. Now it's going to be propped up by dismantling the US tec…
Your response is over the top. Oracle isn't going to fire 30,000 employees to fund anything. That's the story for Wall Street. Oracle went on a huge run in the market, that it did not deserve, and they're going to attempt to hold on to as much of that gain as they can. Wall Street will applaud slashing jobs if you can give them a good reason for it (and sometimes with no reason at all). Amazon, Meta, Apple, Nvidia, M…
Who cares about US vs. China. We're talking about jobs here and economy.
Re: Oracle may slash up to 30k jobs to fund AI data-centers as US banks retreat
#104Re: Oracle may slash up to 30k jobs to fund AI data-centers as US banks retreat
#105Why is oracle invested in ai at all? It seems entirely unrelated to the value they offer.
They are a software vendor, and the theory goes all the software vendors will go away, because AI will just build your business software on the fly. So they are trying to "become AI"! Also Oracle is owned by Larry Ellison and hes in a competition with the other tech bros.
> because AI will just build your business software
No. AI will BE your business software
Re: Oracle may slash up to 30k jobs to fund AI data-centers as US banks retreat
#106Earlier quoted context omitted.
that is not much of a timeline and not much of a prediction. first you need to define what “crash” means in real terms. over the course of 4 years there will be market correction (especially after a bull run like we are on) so just saying “ai bubble, crash bla bla” is too lazy (although there are probably 10k+ such “predictions” on HN in the last say a year)
If you're looking for a short term prediction, I expect with, let's say 80% confidence, that the OpenAI IPO later this year will be quietly cancelled or face a WeWork moment and be loudly cancelled. Too much of what we think we know about the economics of modern AI is built on trust in people who aren't trustworthy, and the presumption that VCs would check the financials carefully when we know they strap on blinders…
My feeling is that some event will happen close-to-IPO that spooks investors, that results in OAI not IPO'ing. Remember if there are under-writers involved they will not want to go forward.
Then they will face financial distress, and questions over how they get the funding to continue as a going-concern. The only way that'll happen is via issues of shares at a lower price aka destroying the valuation of OAI compared with today.
Anthropic in comparison will be OK, as they have focused on building a viable business enterprise.
Re: Oracle may slash up to 30k jobs to fund AI data-centers as US banks retreat
#107And, with this, the economic contagion begins. Before this step, we had non-existent money loaned to build datacenters powered by non-existent power infrastructure to support future load that will never exist, with guaranteed revenue from companies that do not, and will never be able to pay. Previously, this was propped up with circular revenue and investment. Now it's going to be propped up by dismantling the US tec…
Is Oracle's headcount mostly sales? Not exactly tech industry decimation.
Obligatory comic: https://www.globalnerdy.com/wordpress/wp-content/uploads/201...
But they are still a tech company. So it is likely that this will also affect tech workers.
Re: Oracle may slash up to 30k jobs to fund AI data-centers as US banks retreat
#108And, with this, the economic contagion begins. Before this step, we had non-existent money loaned to build datacenters powered by non-existent power infrastructure to support future load that will never exist, with guaranteed revenue from companies that do not, and will never be able to pay. Previously, this was propped up with circular revenue and investment. Now it's going to be propped up by dismantling the US tec…
Is Oracle's headcount mostly sales? Not exactly tech industry decimation.
Sales are probably the last job to go in the ai job apocalypse.
Re: Oracle may slash up to 30k jobs to fund AI data-centers as US banks retreat
#109With the ASICs being so efficient at inference, I’m getting the feeling even the infrastructure investments are going to be severely outdated in a couple of years..
Jensen Huang put it quite decently: "When Blackwell starts shipping in volume, you couldn't give Hoppers away."
All of the current GPU investments are gonna hit zero, and probably a lot faster than the companies buying them realise. Definitely a lot faster than the investors realise.
Re: Oracle may slash up to 30k jobs to fund AI data-centers as US banks retreat
#110And, with this, the economic contagion begins. Before this step, we had non-existent money loaned to build datacenters powered by non-existent power infrastructure to support future load that will never exist, with guaranteed revenue from companies that do not, and will never be able to pay. Previously, this was propped up with circular revenue and investment. Now it's going to be propped up by dismantling the US tec…
Your response is over the top. Oracle isn't going to fire 30,000 employees to fund anything. That's the story for Wall Street. Oracle went on a huge run in the market, that it did not deserve, and they're going to attempt to hold on to as much of that gain as they can. Wall Street will applaud slashing jobs if you can give them a good reason for it (and sometimes with no reason at all). Amazon, Meta, Apple, Nvidia, M…
I could not care less what nation the oligarchy I am beholden to lives in. Same end result for me in either case.